5 startup funding rounds in Asia last week



Singapore’s In2Nite and Japan’s Freee were among those hitting the jackpot in the previous week. Here’s the list:

1. In2Nite | Singapore

Hotel booking app In2Nite recently closed its latest round worth US$2.8 million, which is led by IDG Ventures and other undisclosed strategic investors. In2Nite is available in six countries, namely Singapore, Malaysia, Indonesia, Thailand, Vietnam and Hong Kong. With the new funding, it will continue to expand to the rest of Asia.

2. ChaseFuture | China

Shanghai-based, globally-focused education startup ChaseFuture has secured seed funding of US $400,000. The round was completed by a series of reputable names in the global VC space. They include Florida-based Banyan Partners, California-based Harbor Pacific Capital, William Bao Bean of SingTel Innov8, and Shanghai’s AngelVest consortium. ChaseFuture stands out from other education-orientated startups by moving in the other direction, and offering college and grad school applicants with personalized, top-quality admissions consulting.

3. Freee | Japan

Accounting SaaS startup Freee has netted US$8 million in series B funding from DCM and Infinity Venture Partners (IVP). IVP has also previously invested in Freee. It is founded by Daisuke Sasaki and Ryu Yokoji in July 2012 and is currently used by over 70,000 small- and medium-sized businesses (SMBs).

4. Frrole | India

Bangalore-based startup Frrole has raised US$245,000 in seed funding. Investors include former head of Yahoo India R&D centre Sharad Sharma, Google India MD Rajan Anandan, and Eka Software founder Manav Garg. The new money will be used to expand the team, add better layers of semantic analysis, build new layers of contextual analysis, and build algorithms that target areas other than media and brands.

5. Cashback Chintai | Japan

Tokyo-based startup Chintai Jono., which is the company behind apartment search portal Cashback Chintai, announced that it has raised 100 million yen (US$975,300) from Japanese investment firm Global Brain.

(See also: 8 startup funding rounds in Asia last week – April 21)

Editing by Steven Millward
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